diff --git a/docs/cow-protocol/reference/core/auctions/ebbo_specifics.md b/docs/cow-protocol/reference/core/auctions/ebbo_specifics.md index d6f1c544..cb1c57e6 100644 --- a/docs/cow-protocol/reference/core/auctions/ebbo_specifics.md +++ b/docs/cow-protocol/reference/core/auctions/ebbo_specifics.md @@ -5,7 +5,7 @@ In this section, we will elaborate on the details about what consistutes an EBBO ## Certificate of EBBO violation -A certificate for an EBBO violation consists of a reference routing on a block (and log index) between the start of the auction and when the settlement happened onchain. A reference routing for a trade at a given block (and index) is an execution of that trade which only uses liquidity from base protocols and routes through base tokens (see [here](/cow-protocol/reference/core/auctions/competition_rules.md#base_tokens) for the definition of base protocols and base tokens). The surplus received by users in this routing is used as reference surplus. The difference between the reference surplus and the surplus actually received by the user is the size of the EBBO violation. This amount needs to be reimbursed to a user. +A certificate for an EBBO violation consists of a reference routing on a block (and log index) between the start of the auction and when the settlement happened onchain. A reference routing for a trade at a given block (and index) is an execution of that trade which only uses liquidity from base protocols and routes through base tokens (see [here](/cow-protocol/reference/core/auctions/competition_rules#base_tokens) for the definition of base protocols and base tokens). The surplus received by users in this routing is used as reference surplus. The difference between the reference surplus and the surplus actually received by the user is the size of the EBBO violation. This amount needs to be reimbursed to a user. A certificate for an EBBO violation can be challenged by the solver who is accused of the EBBO violation by providing a different block (and index), within 72 hours of the notification of the violation. In this case, a reference routing on this block (and index) might be proposed by the core team and used as certificate instead. The new certificate, if any, cannot be challenged again.